Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.91531295 |
details, prediction |
Crypto.com Chain
CRO
|
0.8909889 |
details, prediction |
Cardano
ADA
|
0.87828493 |
details, prediction |
Ethereum Classic
ETC
|
0.812142 |
details, prediction |
XRP
XRP
|
0.7054745 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9740592 |
details, prediction |
Waves
WAVES
|
0.9616828 |
details, prediction |
Status
SNT
|
0.95223665 |
details, prediction |
Theta Fuel
TFUEL
|
0.9521579 |
details, prediction |
Siacoin
SC
|
0.95203346 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9643113 |
details, prediction |
SingularityNET
AGI
|
0.95190364 |
details, prediction |
Kyber Network
KNC
|
0.93560416 |
details, prediction |
Loopring
LRC
|
0.933699 |
details, prediction |
Elastos
ELA
|
0.9316277 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Cash price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Bitcoin Cash
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.80270475 |
details, prediction |
UNUS SED LEO
LEO
|
-0.053766422 |
details, prediction |
ZCash
ZEC
|
0.10556948 |
details, prediction |
Bitcoin
BTC
|
0.36127225 |
details, prediction |
Ethereum
ETH
|
0.3618268 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.2379862 |
details, prediction |
Dai
DAI
|
-0.15640932 |
details, prediction |
Algorand
ALGO
|
0.090297475 |
details, prediction |
True USD
TUSD
|
0.13346167 |
details, prediction |
Nexo
NEXO
|
0.17767434 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5368616 |
details, prediction |
OPEN Platform
OPEN
|
-0.37888336 |
details, prediction |
Enjin Coin
ENJ
|
-0.37738907 |
details, prediction |
HEROcoin
PLAY
|
-0.18542589 |
details, prediction |
Propy
PRO
|
0.21359316 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)